FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on AUDCHF M30. Characteristics: the support level 0.5454; the resistance level 0.5490; the width of the pattern 36 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 35 points.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5489; the lower boundary 0.5454; the width of the pattern is 36 points. Sell trades are better to be opened below the lower boundary 0.5454 with a possible movements towards the 0.5432 level.

The Double Top reversal pattern has been formed on AUDCHF M15. Characteristics: the upper boundary 0.5497; the lower boundary 0.5478; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 0.5478 with a possible movements towards the 0.5455 level.

On the chart of AUDCHF M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5498; the lower boundary 0.5478; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5448 level.

On the chart of the AUDCHF M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.5463, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 11 points.